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Notice of Granting a Stock Option

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Notice of Granting a Stock Option Powered By Docstoc
					Stock options are offered by employers and generally give an employee the right to buy
stock in the company during a particular window of time and for a specified price. This
Notice of Granting Stock Option states that the document gives notice to a party that he
or she is being given an option to make a future purchase of a company's common non-
voting stock, and informs this person that this option may be subject to certain
conditions or restrictions. This document contains standard language; however, the
user may add additional language to suit their needs. Use this document to inform an
employee that they have an option to buy stock.
                            NOTICE OF GRANTING OF STOCK OPTION

THIS DOCUMENT GIVES NOTICE TO A PARTY THAT HE OR SHE IS BEING GIVEN AN OPTION TO MAKE A
FUTURE PURCHASE OF A COMPANY'S COMMON NON-VOTING STOCK, AND INFORMS THIS PERSON THAT
THIS OPTION MAY BE SUBJECT TO CERTAIN CONDITIONS OR REQUIREMENTS.




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not       2
                              _________________ [NAME OF COMPANY]
                                        STOCK OPTION GRANT NOTICE
                                  (_______ [PROVIDE YEAR] Stock Option Plan)

_________________ [NAME OF COMPANY] (the “Company”), pursuant to its _______ [PROVIDE YEAR] Stock
Option Plan (the “Plan”), hereby grants to the Option holder named below, an option to purchase the number of shares
of the Company’s Non-Voting Common Stock, as set forth below. This option is subject to all of the terms and
conditions set forth in its ___________ [PROVIDE YEAR, AS ABOVE IN THIS PARAGRAPH] Stock Option
Plan, which are incorporated herein in their entirety.

         Option Holder's Name:
         Date of Grant:
         Shares Subject to Option:
         Exercise Price Per Share:                                       $
         Expiration Date:

         ______ Incentive Stock Option                ___ Non-statutory Stock Option

         Vesting Schedule:

                  Number of Shares (Installment)                Date of Earliest Exercise (Vesting)




Early Exercise. This option may be exercised before it is fully vested in accordance with the Stock Option Agreement
and the Plan.

Right of Repurchase. This option shall be subject to the Company’s right of repurchase as specified in Section 9 of the
Stock Option Agreement.

Payment: Payment shall be made by cash or check or by delivery of previously owned shares of the Company’s
Common Stock.

Additional Terms/Acknowledgments: The Option holder acknowledges receipt of, and understands and agrees to, this
Grant Notice, the Stock Option Agreement and the Plan. Option holder further acknowledges that as of the date of
grant set forth above, this Grant Notice, the Stock Option Agreement and the Plan set forth the entire understanding
between the Option holder and the Company regarding the acquisition of stock in the Company and supersede all prior
oral or written agreements on that subject with the exception of (i) options previously granted and delivered to the
Optionee under the Plan, and (ii) the following agreements only:

         Other Agreements:




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not                                  3
[NAME OF COMPANY]                                           [NAME OF OPTION HOLDER]



Signature                                                   Signature


By:

Title:

Date:                                                       Date:




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not               4
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Description: Stock options are offered by employers and generally give an employee the right to buy stock in the company during a particular window of time and for a specified price. This Notice of Granting Stock Option states that the document gives notice to a party that he or she is being given an option to make a future purchase of a company's common non-voting stock, and informs this person that this option may be subject to certain conditions or restrictions. This document contains standard language; however, the user may add additional language to suit their needs. Use this document to inform an employee that they have an option to buy stock.
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